According to the reports, South Korean electronics manufacturer LG Corporation has already completed the market research of blockchain companies and decentralized apps.

Advertisement

The source claimed, LG is likely to respond to Samsung’s innovation initiative. Also, the company has been struggling to apply blockchain to smartphones without any dissimilarity. Recently, the rival company Samsung launched yet another blockchain-friendly smartphone, named “Klaytn Phone,” as a Galaxy Note 10 variant. The phone is available only in South Korea. It is named after Kakao’s blockchain subsidiary GroundX’s blockchain platform Klaytn and starts from over $1,000.